Why salaried class wants IT exemption limit raised

Why salaried class wants more IT exemption

A vast majority of salaried class employees in a host of trade and industry sectors want Finance Minister P Chidambaram to raise the income tax exemption limit to at least Rs 300,000 and increase deductions like medical and educational allowances in the Budget, an Assocham survey said.

The survey was conducted in major places like Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad, Hyderabad, Pune, Chandigarh and Dehradun on 'Budget 2013: Common man's expectations from the FM', the industry body said.